CO2 Solutions Inc. (the “Corporation”) (TSXV: CST), leader in the field of enzyme-enabled carbon capture technology, today provided an update on progress at the Corporation’s first commercial project with Fibrek General Partnership, a subsidiary of Resolute Forest Products Inc. (TSX: RFP) (NYSE: RFP), and Serres Toundra Inc. The project entails the deployment of a 30-tonne per day (tpd) CO2 capture unit and ancillary equipment at a pulp mill in the Saint-Félicien region of Quebec (Canada) and the commercial reuse of the captured CO2 by the adjacent Serres Toundra greenhouse facility (the Project).
The Project is following its course as planned. In the spring of 2017, the preliminary engineering was finalized. Since then, the detailed engineering has been largely realized and will be completed in October 2017. The Resolute Forest Product’s Saint-Félicien pulp mill completed its planned annual shutdown for maintenance which allowed the CO2 Solutions’ team to install the required connections from the Fibrek plant to route the flue gas to the future CO2 capture unit. This is an important milestone towards the completion of the unit which is expected to be commissioned in the fourth quarter of 2018.
The procurement of long-lead items has begun with the issuance of the first purchase order to ensure the receipt of the equipment in time for successful completion. Modules with key process equipment will be constructed over the coming winter months. Structural and foundation work is planned for the spring of 2018. It is anticipated that the modules will be assembled into the final configuration over the summer of 2018.
“We are very satisfied with the good working relationship achieved with our clients, Resolute Forest Products and Serres Toundra, as well as the project’s engineering firm, BBA.” stated Richard Surprenant, Chief Technology Officer for CO2 Solutions. “Our objective since the beginning is to deliver a state-of-the-art project that surpasses expectations while meeting budget and schedule – and we remain confidently on this path.”